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CONTACT INFORMATION

You can contact us by sending mail below or you can call toll free:

Phone: 800.840.5617
Phone: 312.920.0212
Fax: 855.994.4111


ADDRESS

United Futures Trading Company, Inc.
9247 Broadway
Suite EE
Merrillville, IN 46410

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Europe needs growth

Market News

Top Day Market News

7.11.12

Overnight, Spain announces new austerity measures but Euro stocks are flat. Europe needs growth, not austerity. These economies need to reflate not contract to the point of implosion.  Crude inventories are back on line at 10:30. The big development in crude was the resolution of the Norwegian strike and the return of Japan to the use of a nuclear reactor. Both events result in the return of supply of oil into the market.

Yesterday was a dismal session for equities. The bulls’ hopes today rest on the release of the Federal Open Market Committee meeting notes at 2pm. Traders will be looking for intimations of further easing by the Fed.

Week of July 09 - July 13

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

Jul 09

15:00

Consumer Credit

May

 

$10.0B

$9.5B

$6.5B

 

Jul 11

07:00

MBA Mortgage Index

07/07

 

NA

NA

-6.7%

 

 

Jul 11

 

08:30

 

Trade Balance

 

May

 

 

-$50.6B

 

-$48.9B

-

$50.1B

 

 

Jul 11

 

10:00

Wholesale

Inventories

 

May

 

 

0.2%

 

0.3%

 

0.6%

 

 

Jul 11

 

10:30

 

Crude Inventories

 

07/07

 

 

NA

 

NA

-

4.270M

 

Jul 11

14:00

FOMC Minutes

6/20

 

 

 

 

 

Jul 12

08:30

Initial Claims

07/07

 

360K

375K

374K

 

Jul 12

08:30

Continuing Claims

06/30

 

3300K

3300K

3306K

 

Jul 12

08:30

Export Prices ex-ag.

Jun

 

NA

NA

-0.5%

 

Jul 12

08:30

Import Prices ex-oil

Jun

 

NA

NA

-0.1%

 

Jul 12

14:00

Treasury Budget

Jun

 

NA

NA

-

 

 

 

Date

 

ET

 

Release

 

For

 

Actual

Briefing.com

Forecast

Briefing.com

Consensus

 

Prior

Revised

From

 

 

 

 

 

 

 

$43.1B

 

Jul 13

08:30

PPI

Jun

 

-0.8%

-0.6%

-1.0%

 

Jul 13

08:30

Core PPI

Jun

 

0.2%

0.2%

0.2%

 

Jul 13

09:55

Mich Sentiment

Jul

 

72.0

73.5

73.2

 

 

 

MARKET PLACE

 

Numbers are good up until the close of business today. These are strictly technical in nature, not fundamentally based or biased.

Legend

 

 

U is Up

D is Down

PRD is Potential Reversal Day S2 is Weekly strong support S1 is Weekly good support

DS is Daily Support

DR is Daily Resistance

R1 is Weekly Good Resistance and is calculated once a week on

Sunday night

R2 is Weekly Strong Resistance and is calculated once a week on

Sunday night

Levels are for the most active futures contract

Daily Support and Resistance

 

 

Trend

WS2

WS1

DS

DR

WR1

WR2

Sept ES

U

1323.50

1337.50

1315

1351

1370.5

0

1389.00

Sept Nasdaq


U

2553.00

2561

2534

2612

2646

2683

Sept Yen


PRD(U)

124.28

124.97

125.72

126.65

126.29

126.92

Sept EC


D

120.01

121.42

121.85

123.23

125.53

128.23

Sept 10 Year


U

132.28

133.20

134.13

134.26

134.24

135.04

Sept 30 Year


U

147.00

148.14

150.15

151.08

150.22

151.16

Nov Soybeans


D

14.45

15.06

15.17

15.66

16.06

16.46

Sept Corn


U

6.10

6.52

7.10

7.42

7.25

7.56

Aug Gold

D

1545.70

1564.30

1545

1599

1613.6

0

1644.30

Sept Silver


D

25.92

26.48

26.53

27.40

25.02

29.00

Sept Copper


D

330

336

337

343

351

360

Aug Crude


U

78.18

81.15

83.05

86.80

88.03

91.94

 

 

 

 

 

 

 

 

 

N.B.: if you initiate a trade using ANY of these numbers use a STOP at least equivalent to 2 ½%. Repeat: use Stops. Don’t think about using Stops. Use Stops. Some find it appropriate to look at the margin requirement and use that as a Stop or if it’s a steep initial requirement, use half. But whatever you do, stop thinking about any other alternative and use Stops.

 

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, AL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETIOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM

IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

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Futures trading entails considerable risk and is not for everyone. An account can lose more than its initial investment.

Stops are not necessarily filled at the stop level. Past performance is not a guarantee of future results.

 

 Charles Kespert

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